New posts

Reply to thread

Message

Today from Market Matters
[URL unfurl="true"]https://marketmatters.com.au[/URL]

"The ASX200 fell -135pts /-1.8% closing at 7375

Utilities (+0.22%), Consumer Discretionary (-0.35%) & Consumer Staples (-0.66%) held up relatively well.

Energy (-4.03%), Materials (-3.57%) and Healthcare (-3.55%) substantially lower.

Woodside Energy (WDS) -3.72% down as WTI crude oil prices tumbled -4.74% overnight, dropping below $57 for the first time since February 2021 as recession fears weighed.

Mining heavyweights struggled as we saw BHP -3.45%, Fortescue (FMG) -4.18% and Rio Tinto (RIO) -5.01% after iron ore spot prices plummeted 4.16% overnight.

President Trump announced a fresh round of ‘major tariffs’ on pharmaceuticals which saw healthcare stocks including CSL Ltd (CSL) -4.96% whacked.

Polynovo (PNV) -8.53% sold off despite posting record monthly sales of $11.9m +92% yoy. With majority of revenue generated in the U.S management said they will advocate for a tariff exemption… they’ll need to get in line."

[ATTACH=full]197189[/ATTACH]

<blockquote data-quote="finicky" data-source="post: 1325560" data-attributes="member: 2104">Today from Market Matters[URL unfurl=&quot;true&quot;]https://marketmatters.com.au[/URL]&quot;The ASX200 fell -135pts /-1.8% closing at 7375Utilities (+0.22%), Consumer Discretionary (-0.35%) &amp; Consumer Staples (-0.66%) held up relatively well.Energy (-4.03%), Materials (-3.57%) and Healthcare (-3.55%) substantially lower.Woodside Energy (WDS) -3.72% down as WTI crude oil prices tumbled -4.74% overnight, dropping below $57 for the first time since February 2021 as recession fears weighed.Mining heavyweights struggled as we saw BHP -3.45%, Fortescue (FMG) -4.18% and Rio Tinto (RIO) -5.01% after iron ore spot prices plummeted 4.16% overnight.President Trump announced a fresh round of ‘major tariffs’ on pharmaceuticals which saw healthcare stocks including CSL Ltd (CSL) -4.96% whacked.Polynovo (PNV) -8.53% sold off despite posting record monthly sales of $11.9m +92% yoy. With majority of revenue generated in the U.S management said they will advocate for a tariff exemption… they’ll need to get in line.&quot;[ATTACH=full]197189[/ATTACH]</blockquote>

[QUOTE="finicky, post: 1325560, member: 2104"] Today from [B]Market Matters[/B] [URL unfurl="true"]https://marketmatters.com.au[/URL] "The ASX200 fell -135pts /-1.8% closing at 7375 Utilities (+0.22%), Consumer Discretionary (-0.35%) & Consumer Staples (-0.66%) held up relatively well. Energy (-4.03%), Materials (-3.57%) and Healthcare (-3.55%) substantially lower. Woodside Energy (WDS) -3.72% down as WTI crude oil prices tumbled -4.74% overnight, dropping below $57 for the first time since February 2021 as recession fears weighed. Mining heavyweights struggled as we saw BHP -3.45%, Fortescue (FMG) -4.18% and Rio Tinto (RIO) -5.01% after iron ore spot prices plummeted 4.16% overnight. President Trump announced a fresh round of ‘major tariffs’ on pharmaceuticals which saw healthcare stocks including CSL Ltd (CSL) -4.96% whacked. Polynovo (PNV) -8.53% sold off despite posting record monthly sales of $11.9m +92% yoy. With majority of revenue generated in the U.S management said they will advocate for a tariff exemption… they’ll need to get in line." [ATTACH type="full"]197189[/ATTACH] [/QUOTE]

Verification